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The supply function for the product X is given as follows.Q = 2000 +3Px - 4Ps - Pw Px is the price of X.Ps is the price of the other goods and Pw is the price of an input. Let's suppose that each unit of X is sold from the price level of 400 that is Px is 400. Ps is 250 and Pw is 1400. Obtain the supply function. Draw the graph of the supply function and Show the producer surplus on the same graph.
Do the same considerations and the same responses - apply to corporate spending? How does one measure "waste"?
Five of ten people earn $0, four earn $100, and one loses $100. What is the expected pay off and variance of the pay off? There is a 50 percent chance of making $0, a 40 percent chance of making $100, and a 10 percent chance of losing $100. Calculate..
How do you calculate marginal rate of substitution? What happens to the isoquant line if one cost or budget changes and which way do they move? Long run average cost why it goes up and down. Production possibility frontier
What are the necessary conditions for this type of a market structure to exist. Please give an example of this type of market structure.
Consider an economy in which people wish to hold money balances worth a total of 5 million goods. They are indifferent between money issued by the central bank and money issued by private banks. Suppose the central bank pays no interest on its money ..
Draw a budget constraint and indifference curves with consumption bundles that demonstrate the following:
Eggebeen et al. (2010) found that men who at some point in their lives as fathers are more likely to have altruistic social relationships and be involved in community service organizations. The result was reported in the popular press (Jacobs 2009) a..
1) What type of money would you say the Rai stones are? Are they commodity money? Are they fiat currency? Why or why not?
Sometimes oligopolies in the same industry are very different in size. Suppose we have a duopoly where one firm (Firm A) is large and the other firm (Firm B) is small, as shown in the prisoner's dilemma box: What is Firm B's most likely choice? Firm ..
Show the effect of each of the following events on the market for coffee by stating 1) if the equilibrium price went up, down, or stayed the same and 2) if the equilibrium quantity went up, down, or stayed the same:
Cost Forecast Modeling. John Carter, an intern at Medical Products, Inc., is evaluating the cost effectiveness of a training program in his department. Carter believes that the monthly rejection rate is inversely related to the hours spent each month..
Why do sale of used goods do not add to income of a country in a particular year? If you think of income as the inflow in your bank account. All outflows are just expenditures. So I think of income as how much stuff can someone buy in a particulate y..
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